Claudio Martani: Catalogue data in Spring Semester 2021 |
Name | Dr. Claudio Martani |
Department | Civil, Environmental and Geomatic Engineering |
Relationship | Lecturer |
Number | Title | ECTS | Hours | Lecturers | |
---|---|---|---|---|---|
101-0530-00L | Real Options for Infrastructure Management | 3 credits | 2G | C. Martani | |
Abstract | The course will provide an introduction to the paradigm of flexibility/ real option for infrastructure management. It will also provide insights on the tools to model uncertainty and class applications on example cases. | ||||
Objective | Upon successful completion of this course students will be able: - To recognize and model uncertainty affecting infrastructure; - To identify possible interventions on infrastructure - To develop dynamic model for simulating future scenarios, considering uncertainty | ||||
Content | Part 1: Introduction to the concept of flexibility in engineering, including the problem of the flaw of average on traditional engineering design processes. Part 2: Explanation of the real option methodology and of the main methods for uncertainty modelling, including binomial trees and Monte Carlo simulations. Part 3: Application in class of the real option methodology on two example cases. | ||||
Literature | A list of relevant publications for the course will be given out before the first class. |